-- Connecting the dots between our economy, government and business --
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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I believe that in Chicago 3 shot in one day incident is a mass shooting. Whatever, but every week there is at least one or two. The article is spot on. Lawful firearm owners are not to blame . The failure of Foxx and CCSAO is stunning. The automatic 50% reduction of prison sentences and the passage of the SAFET act by democrats is another reason why criminals have no fear of the law. Enforce existing laws, maximum sentences, minimum 85% of prison time to be served. Put the fear of long jail terms and that may make a difference.